Parliamentary Finance: The Council of Ministers will send the 2024 budget to Parliament next week
The Parliamentary Finance Committee revealed today, Wednesday, that the Council of Ministers will send the financial budget law for 2024 to the House of Representatives next week.
The head of the committee, Atwan Al-Atwani, said in a statement followed by Al-Mutala’, that: “The Council of Ministers will hold a session next week during which it will present the federal budget law for the year 2024 and will set the schedules to be changed in the budget,” pointing out that “the law will be sent to the House of Representatives next week.”
Al-Atwani added, “The budget texts are supposed to include the appointment of 2020 lecturers and standards readers in the Ministry of Electricity,” indicating that “those segments do not cost the state large sums of money during their appointment.”
Yesterday, Monday, the Parliamentary Finance Committee announced the resumption of its meetings with the beginning of the new legislative term to discuss a number of topics related to its legislative and oversight work, indicating that it is awaiting the arrival of the General Budget Law for the year 2024 to make the necessary amendments to its schedules.
An expanded meeting was held last Wednesday, headed by the Minister of Planning, Muhammad Ali Tamim, and in the presence of the Minister of Oil, Hayan Abdul Ghani, the Minister of Finance, Taif Sami, and the Minister of Oil and Natural Resources in the Kurdistan Government, Kamal Muhammad, to discuss the mechanisms for preparing the 2024 budget schedules on both sides. Operational and investment, in light of oil prices and the revenues expected to be achieved during this year.
Iraqi Prime Minister Al Sudani and the Governor of the Central Bank of Iraq Al Allaq would both be attending the World Economic Forum in Davos Switzerland for the annual meeting January 14th to 19th. “ Everyone is expecting the RV on Sun. 14 Jan.” according to Sudani.The IMF, which is in charge of timing, said, “Anytime Friday to Sunday.”... Everything is ready to go. There is nothing more to do, we just have to sit back and wait for the Green Light.
Thurs. 11 Jan. Wolverine
The Codes have been locked in. I received a confirmation yesterday, but it was confidential. Carlos Petas actually put it in the telegram channel so I decided to place it in the room.
The funds might get released tonight or may get released tomorrow, we just don’t know. Everything is ready to go. There is nothing more to do, we just have to sit back and wait for the Green Light.
ANOTHER THING Medbeds are ready. I spoke to someone, actually a few days ago, who is in charge of the Medbeds in Colombia. They are just waiting for the Green Light for this to happen. THERE ARE 150 MEDBEDS IN COLOMBIA! This was confirmed by Charlie Ward as well. That is all I can tell you at the moment. …
I want you all to get ready as there is a lot of things happening now. That champagne bottle is getting more closer now.
God bless you all
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E.B.S. WE REITERATE THAT STARLINK IS READY TO SEND THE E.B.S SIGNAL TO ALL CELL PHONES IN THE WORLD. YOU ARE JUST WAITING FOR THE GREEN LIGHT. CERTAIN FINAL EVENTS WILL OCCUR FIRST. BE READY.
The World Bank announces its support for the government’s measures in the field of modernizing and developing the banking sector
The World Bank announced its support for the government’s measures in the field of modernizing and developing the banking sector, especially with regard to implementing the electronic payment system.
The media office of Prime Minister Muhammad Shiaa Al-Sudani stated in a statement, a copy of which was received by NRT Arabic, today, Wednesday, that “Al-Sudani, on the sidelines of his participation in the Davos Economic Forum, met with the President of the World Bank Group, Ajay Banga, and they discussed cooperation relations between Iraq and the World Bank, in Various economic fields, which contribute to supporting the government’s efforts and strategic plans towards more investment and development opportunities in Iraq.”
The statement added, “The meeting also witnessed a review of the measures and steps taken by the government and the Central Bank of Iraq, in terms of financial and banking reform. The projects financed by the International Finance Corporation (IFC) were also discussed, most notably the project to rehabilitate and develop Baghdad International Airport.”
The statement explained, “The Prime Minister stressed the importance of World Bank reports reflecting, realistically, the new government’s policies implemented in the economic and banking sectors and supporting the private sector, which aim to diversify the economy, increase its growth, and achieve financial stability, in light of the challenges facing the region and the world.” .
For his part, Banga praised the government’s measures in the field of modernizing and developing the banking sector, stressing his support for those measures, especially with regard to the implementation of the electronic payment system.
Iraq has more oil than Kuwait. They also have a huge, top of the ground, gold deposit...Iraq has a very large gas supply which would add nearly 3 billion cubic feet a day (bcf/d) – around 517,000 barrels of oil equivalent per day. This will fuel gas powered electricity production. This will eliminate Iran from the equation and they would lose their grip on Iraq.
[Response to Pimpy's Post 1-12-2024 below]
...Iraq is an "IMPORT COUNTRY" with, at this time, little to export except oil. To rebuild the country, they will have to IMPORT almost everything they need so they WANT a very STRONG currency so they get much more for their Dinar...If they were an export country they would want a very cheap Dinar as is the case with Vietnam who profits from a vigorous export business due to cheap DONG.
Iraq goes to Davos with five axes, and the challenge of restoring confidence imposes itself during the discussions - urgent
Prime Minister Muhammad Shiaa Al-Sudani is participating in the fifty-fourth session of the World Economic Forum in Davos, which is being held for the period from 15 to 19 January, and he carries with him a number of files, the most important of which are the economic and banking reforms that the government has pursued and the resolution of the presence file. Foreigners inside Iraqi territory, especially after the voices calling for their exit rose as a result of the state of tension that accompanied the targeting of the headquarters of the Popular Mobilization Forces and a number of factions, and the targeting of the international coalition bases in Baghdad and Erbil.
An Iraqi vision
Iraqi government spokesman Bassem Al-Awadi explained five priorities for Iraq's participation in the Davos Forum.
Al-Awadi said in press statements that the 54th annual meeting of the Davos Economic Forum is being held against the backdrop of the Gaza and Ukraine wars, the artificial intelligence revolution, the cost of living crisis and the issue of climate change, in an event that lasts five days, pointing out that “it was agreed that the topic of the meeting should be This year for global political and business leaders, celebrities and prominent social activists is about rebuilding trust.
Iraq reforms
Al-Sudani, during his participation in the Global Forum, on Wednesday (January 17, 2024), met with the President of the World Bank Group, Ajay Banga, where he reviewed Iraq’s steps towards financial and banking reform.
According to a statement by Al-Sudani’s office, the meeting discussed cooperation relations between Iraq and the World Bank, in various economic fields, which contribute to supporting the government’s efforts and strategic plans, towards more investment and development opportunities in Iraq, in addition to reviewing the measures and steps taken by the government and the Central Bank of Iraq, on At the level of financial and banking reform, projects financed by the International Finance Corporation ( IFC ) were also discussed, particularly the rehabilitation and development project of Baghdad International Airport.
Foreign presence
In light of Iraq's new position on the presence of international coalition forces in Iraq, and the increasing pace of escalation through the bombing of international coalition headquarters and the American response to faction headquarters in several areas, the Prime Minister's statements came to indicate the importance of agreeing on a time frame (for withdrawal) and for it to be quick so that We will not prolong the presence and the attacks will continue. What he indicated is that the only way to avoid a regional escalation is to stop the war in Gaza. According to this principle, the issue of the presence of these forces was present in the Sudanese meetings as part of his participation in the Davos Forum, where he met the Sudanese on Tuesday (16 January 2024), with US National Security Advisor Jake Sullivan, where the meeting witnessed confirmation of the start of the work of the bilateral committee to review the presence of the international coalition in Iraq, which was agreed upon during the visit of the Minister of Defense to the United States of America in August of last year, and to discuss In formulating a timetable to end the coalition mission and move to comprehensive bilateral relations with the coalition countries.”
In the same context, on the sidelines of his participation in the conference, on Tuesday (January 16, 2024), Al-Sudani reviewed the government’s economic and development plans in a working meeting in which heads and representatives of 57 international companies specialized in the fields of energy, oil and gas, and various economic fields participated.
The Prime Minister presented "the government's plans in the field of development and economic reform, which have come a long way, and the great investment opportunities, industrial city projects, the large Al-Faw port, the vital development road project, and integrated oil field projects."
The climate issue and its challenges will not be absent from the Iraqi discussions during the meetings that the Prime Minister will hold, especially after the Prime Minister directed, on Sunday (December 24, 2023), to appoint an official spokesman to spread environmental and health culture. link